Boosting Housing Supply through Small Businesses Act of 2026

In this Act:

The term Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively.

The term appropriate congressional committees means—

(A) the Committee on Small Business and Entrepreneurship and the Committee on Banking, Housing, and Urban Affairs of the Senate; and

(B) the Committee on Small Business and the Committee on Financial Services of the House of Representatives.

The term Department means the Department of Housing and Urban Development.

The term housing industry small business means a small business concern in the housing industry that contributes to housing supply and affordability, including residential and multifamily homebuilders, developers, general and specialty contractors, property managers and owners, housing startups, and home improvement and repair businesses.

The term Secretary means the Secretary of Housing and Urban Development.

The terms small business concern and small business development center have the meanings given those terms in section 3 of the Small Business Act (15 U.S.C. 632).

(1) the Administration and the Department share a mutual interest in supporting housing industry small businesses;

(2) there is a severe shortage of affordable and quality housing in the United States;

(3) the majority of American homebuilders and specialty contractors are small business concerns; and

(4) homebuilders, contractors, and other housing industry small businesses play a significant role in increasing housing supply.

The Administrator shall coordinate with the Secretary to—

(1) expand access to capital for housing industry small businesses, including rural and underserved businesses;

(2) streamline existing technical assistance, resources, and counseling services provided by the Administration and the Department that benefit housing industry small businesses;

(3) increase awareness and improve access for housing industry small businesses to Administration and Department financial and technical assistance programs; and

(4) reduce barriers to starting and growing a housing industry small business.

Not later than 180 days after the date of enactment of this Act, the Administrator shall work in coordination with the Secretary to develop and submit to the appropriate congressional committees, and make publicly available on a website of the Administration, an interagency plan that includes—

(A) an examination of current gaps in financial and technical assistance for housing industry small businesses at the Administration and the Department;

(B) reforms to expand access to Administration loans to housing industry small businesses, including the loan programs under subsections (a) and (m) of section 7 of the Small Business Act (15 U.S.C. 636) and section 502 of the Small Business Investment Act of 1958 (15 U.S.C. 696), or creating new loan products for housing industry small businesses;

(C) new programming or resources to be offered by the Administration or the Department that are specifically tailored to the needs of housing industry small businesses, including opportunities to host joint trainings or workshops;

(D) processes for information sharing and discussion of best practices between the Administration and the Department;

(E) opportunities for coordinated support between resource partners, including small business development centers, women's business centers described in section 29 of the Small Business Act (15 U.S.C. 656), Veteran Outreach Business Centers described in section 32 of such Act (15 U.S.C. 657b), and chapters of the Service Corps of Retired Executives described in section 8(b)(1)(B) of such Act (15 U.S.C. 637(b)(1)(B)); and

(F) opportunities to support startups developing innovative products related to the housing industry, including by reducing barriers to access the Small Business Innovation Research and Small Business Technology Transfer programs under section 9 of the Small Business Act (15 U.S.C. 638) or creating new innovation initiatives.

The Administrator and the Secretary shall work in partnership with State and local governments, housing industry small businesses, resource partners described in paragraph (1)(F), and community and nonprofit organizations to develop the interagency plan required under paragraph (1).